Being classified as a professional trader provides you with the ability to trade with higher leverage. Doing this will allow you to trade by using less funds. Please be aware that the higher leverage associated with professional accounts leads to higher risks.
Negative Balance Protection
At FXVC, we continue offering you the negative balance protection for both Retail and Professional traders that will prevent you from losing more than what you invested.
With other brokers you may lose your right to best execution policy according to its definition from the applicable regulation. Best execution policies for retail traders require their brokers to give priority to executing their order with the best possible price. This factor prevails other considerations like execution speed, size of your order, current market depth etc. which all play a part in the quality and outcome of your order.
At FXVC, we believe in fairness and honesty and we will maintain the best possible execution for you even becoming a Professional Trader.
Investor Compensation Fund (ICF)
As a Professional Client you will not be eligible to the Investor Compensation Fund (ICF) of Finteractive Ltd.
Communication and Risk Disclosures
FXVC needs to use clear language when communicating with retail clients, but we can use more sophisticated terms when talking to our professional clients. We may assume a level of knowledge and experience when assessing whether our products are appropriate for professional clients. But deem necessary, your Client Relation Manager with FXVC will be more than happy to update you and inform you in advance, on expected high volatile movements that might exposed you on high risk.
Do you qualify to become a Professional Trader?
Under the regulation a client has the right to request a change of his/her categorization, from Retail to Professional however, this change will only be possible if the client fulfils at least 2 of the following 3 conditions:
1.You have performed at least 10 transactions per quarter, of significant size, over the previous four quarters on the relevant market (with FXVC and/or other providers).
2.The size of your financial instrument portfolio, defined as including cash deposits and financial instruments exceeds EUR 500 000.
3.Relevant experience in the financial services sector and/or relevant qualification (working in a professional position which involves knowledge of the industry for at least 1 year).
If you believe that you qualify to become a Professional Client, please contact our Support Team or your Client Relationship Manager specifying which of the above conditions you fulfill and request to change the categorization.
Check your eligibility as a Professional Trader.
Your request has been submitted. Please check your email for the next stpes and additional information.